Forbo Siegling (Uk) Ltd.
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Forbo Siegling (Uk) Ltd. - overview
Established
1969
Location
-, -, UK
Primary Industry
Consumer Products
About
Forbo Siegling (Uk) Ltd. specializes in the innovative design and manufacturing of conveyor and flat belts, essential for enhancing material handling efficiency across diverse industrial sectors. Founded in 1969, Forbo Siegling (Uk) Ltd. focuses on providing belting solutions tailored to various industrial applications.
The company has not undergone any significant strategic pivots since its inception. It operates as a subsidiary of Forbo Group, with its headquarters located in Manchester, UK. The founder's history is not documented. Forbo Movement Systems specializes in the design and manufacturing of diverse conveyor belts and flat belts for a wide range of industrial applications.
Their core offerings include conveyor belts, processing belts, plastic modular belts, flat belts, power transmission belts, folder gluer belts, machine tapes, and timing belts. These products facilitate efficient material handling in industries such as food, logistics, and manufacturing, addressing challenges related to hygiene, durability, and operational efficiency. The company serves customers across Europe, Asia Pacific, and the Americas, reflecting a commitment to sustainability with products like the energy-efficient Amp Miser conveyor belts. Forbo Movement Systems generates revenue through direct sales of its belting solutions to businesses, primarily operating in a B2B model.
Transactions involve bulk orders customized to client needs, with pricing based on product type and order volume. Key products such as the Siegling Fullsan and Amp Miser are competitively priced to meet market demands. The company also collaborates with distributors and retailers to enhance its global market reach, focusing on tailored solutions to strengthen customer relationships. Future growth for Forbo Siegling will focus on the development of new products, specifically targeting energy-efficient solutions set to launch in the upcoming year.
The company plans to expand into the Asian market by 2025, capitalizing on the growing demand for innovative belting solutions in that region. Recent funding will be utilized to accelerate product development and marketing efforts to support these strategic initiatives.
Primary Industry
Consumer Products
Sub Industries
Consumer Products
Website
www.forbo-siegling.co.uk
Verticals
Manufacturing
Total Amount Raised
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Forbo Siegling (Uk) Ltd. - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 8,288,000 | 7,623,000 | 7,735,000 | - | - | - |
| % Revenue Growth (YoY) | - | (8.0%) | 1.5% | - | - | - |
| EBITDA (USD) | 1,168,000 | 833,000 | 1,275,000 | - | - | - |
| Operating Income (USD) | 1,140,000 | 811,000 | 1,031,000 | - | - | - |
| Operating Margin | 13.8% | 10.6% | 13.3% | - | - | - |
| % EBITDA Margin | 14.1% | 10.9% | 16.5% | - | - | - |
| NET Income (USD) | 833,000 | 611,000 | 832,000 | - | - | - |
| % Net Margin | 10.1% | 8.0% | 10.8% | - | - | - |
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